Home NFT News J.P. Morgan buys space in DECENTERLAND, releases Oynx Lounge to captivate $1...

J.P. Morgan buys space in DECENTERLAND, releases Oynx Lounge to captivate $1 Trillion Metaverse opportunity

J.P. Morgan Decenterland

Headlines

1) J.P. morgan buys launces Onyx lounge in Decenterland to capitalize on the Metaverse

2) Morgan releases a report stating $1 trillion market advertising opportunities in Metaverse

J.P. Morgan In Decenterland

J.P. Morgan on Tuesday released Onyx Lounge in Decenterland, an interaction lounge in which users can see their avatars interacting with other people. The lounge had 2 Floors with a Tiger at the entrance. The lounge is located in the Metajuku, a virtual version of Tokyo’s Harajuku shopping district.

J.P. Morgan sees Metaverse as a $1 trillion market opportunity as more and more companies are diving into the digital-first front.

Along with the announcement it also releases reports that state opportunities in the virtual world seem “limitless”.

Adit Gadgil in Decenterland

The report also states that “The average price of a parcel of virtual land doubled in a six-month window in 2021. It jumped from $6,000 in June to $12,000 by December across the four main Web 3.0 metaverses

This move comes after Morgan Stanley’s note to clients.